f(x) ProtocolPrice(FXN)
Details f(x) Protocol (FXN) Price information (USD)
The current real-time price of FXN is $13.4. In the past 24 hours, FXN has traded between $13.33 and $14.29, showing strong market activity. The all-time high of FXN is $219.95, and the all-time low is $12.22.
From a short-term perspective, the price change of FXN over the past 1 hour is
f(x) Protocol (FXN) Market Information
f(x) Protocol (FXN) Today's Price
The live price of FXN today is $13.4, with a current market cap of $1.991M. The 24-hour trading volume is 17K. The price of FXN to USD is updated in real time.
f(x) Protocol (FXN) Price History (USD)
What is F(X) PROTOCOL (FXN)?
When is the right time to buy FXN? Should I buy or sell FXN now?
Before deciding whether to buy or sell FXN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FXN technical analysis can provide you with trading references.
Future price trend of FXN
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FXN.
How much will FXN be worth tomorrow, next week, or next month in ? What about your FXN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FXN Price Prediction
How to buy F(X) PROTOCOL (FXN)
Convert FXN to local currency
FXN Resources
To learn more about FXN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x2290...c10bdb  | 697.795K | 58.38% |
ethereum | 0xec6b...f1d469 | 320.235K | 26.79% |
ethereum | 0xc15f...2f2a92 | 31,510 | 2.64% |
ethereum | 0xc405...afe23f | 28,633 | 2.4% |
ethereum | 0xafd8...4fd27e | 14,331 | 1.2% |
Other | 102.790K | 8.6% |
Hot Events
F(X) PROTOCOL (FXN) FAQ
What is f(x) Protocol and how does it function?
f(x) Protocol is a decentralized DeFi system that decomposes assets like ETH or BTC into two distinct derivative tokens. These include a low-volatility "floating stablecoin," such as fETH or fxUSD, and a high-volatility leveraged token, such as xETH or xPOSITION. This mechanism allows users to choose their risk profile by either seeking stability or gaining leveraged exposure to the underlying asset's performance.
Is fxUSD an algorithmic stablecoin similar to Terra/LUNA?
No, fxUSD is not an algorithmic stablecoin. Unlike failed algorithmic models, fxUSD is fully collateralized by top-tier DeFi assets, such as Lido’s stETH. The protocol utilizes an over-collateralization mechanism where leveraged positions act as a volatility buffer. Furthermore, it does not use its own governance token, FXN, as collateral for its stablecoin, which eliminates the risk of a "death spiral" common in algorithmic designs.
What improvements were introduced in f(x) Protocol V2?
V2 expanded on the original model by introducing xPOSITIONS, which allow for fixed leverage of up to 10x on assets like ETH and WBTC. A critical security enhancement in V2 is the "Liquidation Brake," an automatic rebalancing mechanism. This feature is designed to reduce a user's leverage automatically if asset prices drop too quickly, aiming to prevent total liquidations and protect user funds during periods of high market volatility.
What are the governance and utility functions of the FXN token?
FXN is the native governance token used for protocol updates and development voting. Users can lock their tokens to receive veFXN, which grants voting power over FXN emission distributions across different liquidity pools. Additionally, veFXN holders receive a 75% share of protocol revenue and can enjoy a yield boost of up to 2.5x when participating in Stability Pools, incentivizing long-term participation in the ecosystem.
Where does the yield for f(x) Protocol participants come from?
The protocol generates "Real Yield" from three primary sources: staking rewards from the underlying collateral, such as stETH; trading and minting fees collected when users open or close leveraged positions; and FXN emissions distributed as incentives to liquidity providers and stability pool stakers. This ensures that rewards are backed by actual protocol activity and the performance of the underlying staked assets.
How can users earn rewards and where can they trade FXN?
Users can earn rewards by depositing fxUSD or fETH into the Stability Pool, which provides liquidity for protocol rebalancing in exchange for staking yields and FXN emissions. FXN is available for trading on decentralized exchanges and prominent centralized platforms like LBank. For those seeking maximized returns, locking FXN into veFXN provides access to fee-sharing opportunities and boosted yields within the protocol's stability mechanisms.
